Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Stock Short Interest Drops 95.3%

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the recipient of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 3,774 shares, a decrease of 95.3% from the October 15th total of 80,115 shares. Based on an average daily trading volume, of 44,385 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Alvopetro Energy Stock Down 0.5%

ALVOF stock traded down $0.03 during midday trading on Tuesday, reaching $6.44. 17,402 shares of the company were exchanged, compared to its average volume of 36,091. The company has a market cap of $240.60 million, a price-to-earnings ratio of 7.67 and a beta of -0.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.47 and a current ratio of 1.47. Alvopetro Energy has a 1-year low of $4.22 and a 1-year high of $8.22. The stock’s 50-day simple moving average is $7.03 and its 200 day simple moving average is $6.50.

Alvopetro Energy (OTCMKTS:ALVOF) last posted its earnings results on Thursday, November 5th. The company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The firm had revenue of $19.27 million for the quarter, compared to the consensus estimate of $20.08 million. Alvopetro Energy had a net margin of 42.13% and a return on equity of 27.90%. On average, equities analysts forecast that Alvopetro Energy will post 0.88 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Alvopetro Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Alvopetro Energy currently has an average rating of “Hold”.

About Alvopetro Energy

Alvopetro Energy Ltd. is a Canadian oil and natural gas company focused on the exploration, development and production of petroleum resources in Brazil. The company’s operations are concentrated in the Reconcavo Basin in the state of Bahia, a mature oil and gas region with established infrastructure and local demand. Alvopetro’s Brazilian asset portfolio includes interests in the Cabure and Murucututu fields, where it produces natural gas, condensate and oil. The company also owns and operates related midstream infrastructure, including a natural gas processing facility and pipeline assets that connect its production to regional markets.